200 Oak Springs DR, Dripping Springs TX 78620

Reviewing the most recent comparable transactions, this home's market value falls around $538,444. For a well positioned listing in SPRINGWOOD, I'd target the $427,000 to $437,000 range. With 7 comparable homes on the market in SPRINGWOOD, this price positions the property as the 0th most expensive of 7 comparable homes on the market. The 1979 construction puts this home 25 years older than the comp average, a factor in the pricing. At 4.00 acres, the lot is larger than the 1.37 acre comp average, which factors into pricing. 7 similar homes are currently available in SPRINGWOOD, creating a buyer's market for this price range. Recent trends in 78620 show home values have fallen 6.7% since 6 months ago. The most comparable recent sale is 300 Oak Springs DR, Dripping Springs TX 78620, with an adjusted value of $525,209; a strong comparable. 7 comparable transactions in SPRINGWOOD support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group